There's a Simpler Home Office Deduction in 2013: The Street

NEW YORK (AdviceIQ) -- This year, the Internal Revenue Service allows a new method of deducting expenses for home offices. You can still deduct for home office space using the old method -- and this new "safe harbor" option, which the IRS calls "simplified," has calculation wrinkles that may not be for everyone.

The new method allows you to deduct a flat $5 per square foot of dedicated office space in your home, up to a maximum of 300 square feet. Three reasons this might be for you: